Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The chairperson of the department of management at Tech wants to forecast the number of students who will enroll in operations management next semester in
The chairperson of the department of management at Tech wants to forecast the number of students who will enroll in operations management next semester in order to determine how many sections to schedule. The chair has accumulated the following enrollment data for the past 15 semesters:
Using 2 Semester Weighted moving average compute the forecasted number of student for semester 16
the weight are 4 for the most recent semester and 2 for the older one.
Semester | Students Enrolled in OM |
1 | 270 |
2 | 310 |
3 | 250 |
4 | 290 |
5 | 370 |
6 | 410 |
7 | 400 |
8 | 450 |
9 | 440 |
10 | 470 |
11 | 520 |
12 | 515 |
13 | 525 |
14 | 542 |
15 | 503 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started